279-22 Copy of Utility Operations for Synopsis.pdf

TOWNSHIP OF WEST ORANGE SWIMMING POOL UTILITY FUND STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCE REGULATORY BASIS YEARS ENDED DECEMBER 31, 2020 AND 2019279-22 2021 2020 REVENUE AND OTHER INCOME: Fund Balance Utilized $ 41,932.07 $ 13,052.87 Membership Fees 289,820.00 159,155.00 Miscellaneous Revenue Anticipated 26,950.01 34,162.00 Current Fund Surplus 30,265.99 Other Credits to Income: Appropriation Reserves Lapsed 37,709.78 185.39 TOTAL REVENUE AND OTHER INCOME 426,677.85 206,555.26 EXPENDITURES: Budgeted Appropriations: Salaries and Wages 205,712.00 205,459.14 Other Expenses 118,325.00 118,325.00 Statutory Expenditures 17,478.73 17,478.73 TOTAL EXPENDITURES 341,515.73 341,262.87 DEFICIT OF REVENUE UNDER EXPENDITURES 85,162.12 (134,707.61) ADJUSTMENT TO INCOME BEFORE FUND BALANCE: Expenditures Included above which are by Statute Deferred Charges to Budget of Succeeding Year - 134,893.00 STATUTORY EXCESS TO FUND BALANCE 85,162.12 185.39 FUND BALANCE, BEGINNING OF YEAR 41,932.07 54,799.55 127,094.19 54,984.94 UTILIZED AS ANTICIPATED REVENUE IN POOL UTILITY 41,932.07 13,052.87 FUND BALANCE, END OF YEAR $ 85,162.12 $ 41,932.07